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#1 hiker

hiker

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Posted 22 February 2007 - 11:30 AM

plot rising tops t/l and rising bottoms t/l on daily since '04 and note intersection near today's low just now reached the prior upside move above this rising tops t/l is when the rally accelerated in Oct .06...price has bactested this t/l in two periods of time since the tops t/l is easy..the support t/l has numerous versions price has had unbroken support in recent mos. of the 5 mo sma....price is breaking this MA on intraday basis now

Edited by hiker, 22 February 2007 - 11:43 AM.


#2 hiker

hiker

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Posted 22 February 2007 - 11:47 AM

price has also move below the 20week sma sell signal on daily using the MA crossover system posted here in recent weeks no confirmed sell signal on weekly

#3 VolPivots

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Posted 22 February 2007 - 03:42 PM

thx hiker....recently put in the 1st lower high on the daily in a very long time. definitely a nice run, but it may be done for a good while.....still long from wayyy back but fortunately put on partial hedges (sold aug 45 calls/bought May 42.5 puts) pre-earnings.